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Based on the trial balance below, calculate profit for the year ended 30 June 2022. YOGA CLASS Trial Balance As of 30 June 2022 Debit
Based on the trial balance below, calculate profit for the year ended 30 June 2022.
YOGA CLASS | ||
---|---|---|
Trial Balance | ||
As of 30 June 2022 | ||
Debit | Credit | |
Cash at bank | $79,000 | |
Accounts receivable | $15,250 | |
Accounts payable | $7,250 | |
Wages payable | $7,000 | |
Loan payable | $30,000 | |
Grishma, Capital | $30,000 | |
Grishma, Drawings | $20,000 | |
Service revenue | $150,050 | |
Adverting expense | $12,020 | |
Interest expense | $1,320 | |
Utility expense | $16,710 | |
Wages expense | $80,000 | |
$224,300 | $224,300 |
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